https://www.taxtmi.com/caselaws?id=381536 The High Court remitted the case back to the Tribunal for reconsideration in light of the Full Bench decision in Mavilayi Service Cooperative Bank Limited v. Commissioner of Income Tax, emphasizing the necessity of examining the society's activities to determine eligibility for Section 80P deductions. The appeal was allowed, setting aside the Tribunal's decision and instructing a reassessment based on the updated legal position, ultimately ruling in favor of the revenue. en-us Fri, 07 Jun 2019 00:00:00 +0530 Wed, 12 Jun 2019 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381536 The High Court remitted the case back to the Tribunal for reconsideration in light of the Full Bench decision in Mavilayi Service Cooperative Bank Limited v. Commissioner of Income Tax, emphasizing the necessity of examining the society's activities to determine eligibility for Section 80P deductions. The appeal was allowed, setting aside the Tribunal's decision and instructing a reassessment based on the updated legal position, ultimately ruling in favor of the revenue. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381536